American Express one of the major credit card and travellers cheque issuing group has stopped its services in Zimbabwe due to lack of business.
The credit card facility issues travellers cheques to all international travellers but on Friday it said it was pulling out of Zimbabawe and would no longer offer its top services to the cash strapped nation.
Kingdom Bank Limited on Friday said it would stop using the American Express Travellers cheques on Friday. It told all customers in a press release that was published in the media.
The move is said to be due to the soaring inflation in Zimbabawe and the worthless Zimbabwean currency.
The US greenback is currently pegged at about Zd 200 trillion to the Zimbabwe dollar such that it was useless to try and get international cheques using local currency, dealers said.
-VOP
The next wave of exodus from Zimbabwe begins.Whats wrong boboon.What have you done you fool.Soon you will have a country with no companies in it.You are the greatest fcuk up in history.
do not be alarmed by the enemy-our backs are against the wall and you can see them hovering evrywhere imposing stealth sanctions not approved by the united nations. Why dont they just force Barclays -Lornro-and all those mining conglomerates to pull out…because they are greedy fools.as long as they gain they will not pull out. We will see how the world wide recession will turn out. Russia has attacked georgia but not sanctions were imposed because they are protecting their interests.its all pure greed and yet the africans suffer from all this. morgan is happy -one more business out of zimbabwe because bush wants them out…we know that. Eddy cross is masterminding all this and he has predicted the economy to crash in 3 months time.
suppose the army revolt as they anticipate -then who will gain from that? You might even end up with a real Military Junta than the one you have been imagining all along. Will morgan become president then? you know what – be careful what you wish for.its difficult for a country to crash and come out of it with all smiles.There is a lot to lose and if we put our country first like they do in america then we will all come out winners. let the country crash!!!!!!!!!!!!!! i dont think so. we will all suffer. including you eddy cross – you are so keen on our country crashing-but rhodesia will not return.zimbabwe is here to stay.
Scarface you are one very confused person.In the past you say the west has imposed sanctions on Zimbabwe to protect its interests.Now you say it has NOT imposed sanctions on Russia to protect its interests.You need to decide which one it is or is it just your mouth opening before your brain has had a chance to think.
hello thick minded baba—-i wish we could meet for a chat. now listen once and for all. in zimbabwe they have imposed sanctions to bring the country down so they can have access to our minerals -land etc. clear so far? now in russia they have not imposed sanctions to protect their interests -meaning they do not want to lose the gas and oil coming from there.Russia will simply turn off their enegy and supply countries in the far east instead. Never argue with ugly morgan vs scarface. I have all sorts of degrees.
sanctions in zim designed to bring zim gvt down because it puts zimbabweans first. There for the west have limitations to how much they can get from us hence the 51% shares to zimbos imposed by mugabe. In the case of russia its the opposite—-they will not impose sanctions because if moscow retaliate the heating bills in the uk will sky rocket and the people will rebel before the elections.Come on mdc baba i thought you were a bit more clever than that. we are zimbabweans so lets get talking to solve our country’s problems.
The republicans have given us an account of what it takes to be commander in chief —-and they still want us to have morgan as president..what a joke. why should we have him as president when he did not even have the balls to put the country first and go to war when needed. they would not even look at his cv in america. why should we have him as our leader? never mind for now lets put the country first and put together a team to manage the country until the next election. There is no need to be greedy and want it all now-that is for the next election.The election that will determine who governs next.
hello uggly morgan vs whatever
I know you do not live in Zimbabwe. I love my country and I do not care who lead us be Mugabe or Tsvangirai or You I do not mind. What i hate is what we Zimbabweans are going through today and especially what we experianced during and after Election June 2008. Most of us we lost our relatives from violance perpetrated by ZANU PF we know all the guys who did these and we witnassed these events.That is why I say MUGABE is bull**** he has surpassed his time he needs to rest.
We can urgue about this and that but ZANU PF is full of MHONDI that is why we are saying Pasi nezanu.
If you are atrue Zimbabwean(i mean one who is here and who will never run away from this country like what you did) you know what I am talking about.
I am very bitter my friend right now I can even commit bomb the Mugabe’s house or even to simple carry a suicide bomb.We need true leaders who have people’s feeling, who have people at heart.
The CIO department and that Amy need to be cleansed or else vachapenga vose vakauraya vanhu ndopamuchaziva kuti ZANU imhondi
You might not agree with me because you were part of the people who were killing enocent people.
ZANU NEMA SUPPORTERS ACHO IMHONDI
Sorry Scarface,but we cannot meet because i do not associate with zanu scum.Why did boboon not go to war to fight for his country but instead stayed in his mud hut and let all the other people die because he did not even know how to hold a rifle.He was affraid of the gun.Yes lets put a team together,but one that does not involve zanu because every thing they touch soon becomes destroyed.
Sure baba do not meet this idiot As long as he is associated with Zanu imhondi hewants to kill you that is why he is saying let us meet.I do not trust these people anymore.